US Banks Including Goldman Sachs Group Inc, Morgan Stanley Apply to Repay TARP Funds American Express Co to Cut 4,000 Jobs or 6% of Workforce As More Customers Default in Slumping Economy World Bank Says Pace of Global Economic Contraction Slowing, Recovery Could Begin at End of 2009 Mobile Phone Company Vodafone to Accelerate GBP [...]
AIG to Seek Asian Subsidiary IPO, Could Raise Over USD 4B Japan’s AAA Foreign Currency Debt Rating Cut to Aa2 by Moody’s Volkswagen Stops Tie-up Talks with Porsche as Not Ready for Merger Europe’s Largest Papermaker, Stora Enso Oyj and Chile’s Celulosa Arauco y Constitucion SA to Purchase USD 344mm of Uruguayan Forest Second-Biggest Home [...]
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Also tagged aig, Brazil Bovespa, Crude Oil, Dow Jones Industrial, Ethanol, Financial Markets News, Hong Kong Hang Seng, Indian Stocks, Japan Nikkei, London FTSE, Lowe's, Natural Gas Price, Overnight Market News, Stora Enso Oyj, Volswagen
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Eurozone Economies Shrink 2.5% in First Quarter, Most Since 1995 General Motors Corp Close to Agreement with United Anto Workers Union (UAW) to Cut Labor Costs by Over USD 1B per Year Panasonic Corp Forecasts Larger-Than-Expected Annual Loss Following First-Quarter Net Loss of JPY 444.3B vs Net Profit of JPY 61.6B yoy Temasek Holdings Pte [...]
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Also tagged Dow Jones, Eurozone, General Motors, Hong Kong Hang Seng, Japan Nikkei, Nike, Overnight Market, Overnight Markets, Panasonic, Rio Tinto, Temasek Holdings
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Global Banks Sue Bond Insurer MBIA Inc Over Decision to Restructure Business Resulting in Insolvency of Key Unit Wal-Mart Stores Inc Meets Expectations with Fiscal Q01 2009 Earnings of USD 0.77 per Share up from USD 0.76 per Share (yoy) UK Telecommunications Company, BT Group Plc Cuts Dividend and 15,000 More Jobs After GBP 1.58B [...]
European Commission Fines Intel Corp USD 1.45B on Using Rebates to Impede A Competitor Japan’s Current Account Surplus Falls 50.2% in Year Through March to JPY 12.23T (USD 127B) International Business Machines Corp (IBM) Ready to Launch New Real-Time Data Analysis Software US Bancorp Sells USD 2.5B Worth of Common Stock After Passing Stress Test [...]
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Also tagged Brazil Bovespa, Crude Oil, Dow Jones, Ford Motor, Hong Kong Hang Seng, Intel Corp, International Business Machines, Japan Nikkei, Overnight Market News, Telefonica SA, US Bancorp
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Bank of America Corp Raises USD 7.3B from Sale of Stake in China Construction Bank Corp The European Union (EU) Will Conduct Stress Tests on its Banking Sector by September 2009 to Determine Capital Adequacy China’s Exports Fall 22.6% in April (yoy), While Factory Investments Surge 30.5% (ytd) Australia’s Budget Deficit Balloons to Record USD [...]
Centrica to Purchase 20% Stake in British Energy for GBP 2.3B HSBC Writes Off USD 2.4B on US Subprime Mortgage, Consumer Lending Operations, US Bad Debts Less Than Q04 2008 3i Group Plc Plans GBP 700B Rights Offering After Net Asset Value Plummets 50% Intel Bracing to Pay Fine for Anti-Competitive Behavior China’s Consumer Prices [...]
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Also tagged 3i Group, Centrica, China, Crude Oil, Dow Jones, Ethanol, HSBC, Intel, London FTSE, Natural Gas, Nikkei, Overnight Market News, US Subprime Mortgage
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US “Stress Tests” Show 10 of 19 Largest Banks to Need USD 74.6B Cushion to Withstand a Deeper Recession Toyota Motor Corp Posts Net Loss of USD 6.9B for Q04 2008/2009 through March, Cuts Dividend American Express Co Requests Permission to Repay USD 3.4B in Troubled Asset Relief Programme (TARP) Funds After Stress Tests Royal [...]
Bank of America Falls USD 34B Short of Capital in Government Stress-Tests US Bankruptcy Judge Rejects Attempts by Chrysler’s Creditors to Obstruct the Sale of the Company’s Viable Assets to New Shareholders including Fiat SpA General Motors Corp Expected to Seek 1:100 Reverse Stock Split Petroleo Brasiliero SA Finds Evidence of Oil in Onshore Bloc [...]
US Government Stress Tests Likely to Reveal That 10 Banks Need Additional Capital to Survive Slump General Motors Corp’s China Sales Jump 50% to Monthly Record of 151,084 Units on Increasing Demand for its Buick and Wuling Models UBS AG Confirms First Quarter Loss of USD 1.75B, But Strengthens Capital Position Alcatel-Lucent SA Widens Quarterly [...]